Ituran Location & Control (ITRN) Declares $0.15 Quarterly Dividend; 2.6% Yield
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- Wall St futures muted as oil gains curb risk appetite after S&P record close
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- Reddit to join S&P 500 index on Aug. 18, shares leap
Ituran Location and Control Ltd Announces Distribution of a Dividend
November 18, 2015 7:00 AM ESTAZOUR, Israel, November 18, 2015 /PRNewswire/ --
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of NIS 0.58 per share or $0.15 per share, totaling approximately NIS 12.2 million or US$3.1 million. The dividend will be paid to shareholders of record as of December 23, 2015. The Company will pay the dividend out on January 6, 2016 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the... More
Ituran Location and Control Ltd. Presents Results for the Third Quarter 2015
November 18, 2015 6:00 AM ESTAZOUR, Israel, Nov. 18, 2015 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2015.
Highlights of the Third Quarter
Record net subscribers adds in the quarter amounting to 36 thousand; total subscribers reached 915,000 as of September 30, 2015; In local currency terms, Ituran continued to demonstrate year-over-year growth in revenue driven by strong subscriber growth; Gross margins at 50.2% and operating margins at 22.4%; Generated $8.8 million in operating cash flow; ended the quarter with $31.5 million in net... More